Second mortgage
Second mortgage. A loan that in the event of foreclosure is paid off after the first mortgage … This $10,000 is secured with a second mortgage. …

Canceling PMI with a second mortgage
… advises a reader who has a first and second mortgage and wants to get rid of PMI. … doesn’t worry about the second mortgage lender’s security interest in your home. …

DebtSmart.com - “Second Mortgage?” by Scott Bilker
… our home. Would it be economical to take out a second mortgage for this purchase? … A second mortgage is a loan with a fancy name and some tax advantages. …